Archive for July 10th, 2012

Short-term Forecast for July 10, 2012

Short-term Forecast for July 10, 2012

| July 10, 2012

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ECRI Believes Recession has Begun

ECRI Believes Recession has Begun

| July 10, 2012

In an interview with Bloomberg today, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) renewed the recession call that was first made late in 2011, indicating that they believe the US has entered a recession as of the second quarter of 2012. What we said back in December was that the most likely start [...]

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Small Business Optimism Index Declines Sharply in June

Small Business Optimism Index Declines Sharply in June

| July 10, 2012

The National Federation of Independent Business (NFIB) reported that its optimism index declined to 91.4 in June from 94.4 in May, erasing the previous gains in 2012. In a disappointing reversal of several months of slow but positive growth, June’s Index of Small Business Optimism dove three points, falling to 91.4. The decline is significant, [...]

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